Issuance of IRR 5/000 bn fuel oil standard parallel Salam by National Iranian Oil company.
- Standard parallel Salam fuel oil with the value of IRR 5,000 bn was issued this week in Iran Energy Exchange by National Iranian Oil company.Energy Exchange. These papers have embedded put and call options with exercise yield of respectively 19% and 18.5% at maturity.
- Based on approval of SEO’s Fiq committee, it is now possible to imply the option of converting Islamic treasury bills to governmental stock. In this case, owners of Islamic treasury bills have the option of converting these papers to stock or investment units of companies in the ownership of government at their maturity.
- Iranian parliament put stamp on priority of clearing Islamic treasury bills at maturity to all other payables of Iran National Department of Treasury and all mentioned commitment must be met in the related year of their issuance.
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